COVID-19 Latest UpdatesFreight Market Update
March 23, 2023

FMC Announces Massive User Fee Increases, West Coast Container Imports See Large Declines, Maersk Announces Air Cargo Service Between Denmark and China.

Ocean  FMC announces massive user fee increases. In a Federal Register notice posted Tuesday, the…
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COVID-19 Latest UpdatesFreight Market Update
March 16, 2023

Port of Oakland Requires Tenants to Develop Zero Emission Plan, Canadian Pacific – Kansas City Southern Merger Approved by STB, California and Japan Sign Letter of Intent to Form Green Shipping Corridor

Ocean  California and Japan sign letter of intent to form green shipping corridor. A letter…
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COVID-19 Latest UpdatesFreight Market Update
March 9, 2023

U.S. Container Imports Trend Near Pre-Pandemic Levels, USTR Releases President Biden’s 2023 Trade Policy Agenda and 2022 Annual Report, DOJ Sues to Block Merger of JetBlue and Spirit Airlines.

Ocean  Environmental campaign targets retail giants over shipping emissions. Walmart, Home Depot, and Target were…
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COVID-19 Latest UpdatesFreight Market Update
March 2, 2023

U.S. Exporters Raise Concerns to Congress About Ocean Carrier Market Power, Canadian Government Allocates $46m for New Trucker Training, Ohio Train Derailment Causes FRA to Release Safety Advisory.

Ocean  U.S. exporters raise concerns to Congress about ocean carrier market power. On Tuesday, exporters…
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COVID-19 Latest UpdatesFreight Market Update
February 23, 2023

North American Transborder Freight up 3.5% YOY in December, Suez Canal to Increase Tanker Surcharges Beginning April 1, Radiant Logistics Inc. Continues Aid Efforts in Türkiye and Syria.

Ocean  Largest drop in container exports seen in over a decade. According to the latest…
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COVID-19 Latest UpdatesFreight Market Update
February 16, 2023

Falling Truck Rates May Result in Lower Supply Chain Costs, Commissioned Study Says Rail Industry Added $75B to U.S. Economy in 2020, Air Cargo Industry Continues Aid Efforts in Turkey and Syria.

Ocean  MSC included in $45M settlement for 2021 pipeline spill in Southern California. According to…
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COVID-19 Latest UpdatesFreight Market Update
February 9, 2023

United Nations Sends First Aid Convoy to Syria Following Deadly Earthquake, MSC Must Answer to FMC Over Congestion Surcharges, Cargo Thefts Spiked in 2022 According to Recent Data.

Ocean  MSC must answer to FMC over congestion surcharges. The Federal Maritime Commission (FMC) is…
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COVID-19 Latest UpdatesFreight Market Update
February 2, 2023

Port of Virginia Inland Port Switches to Renewable Power, Department of Transportation Announces Funding for 9 Megaprojects, Iowa Bill Introduced to Limit Length of Freight Trains.

Ocean ONE announces more blank sailings and detours as earnings fall. ONE announced that as…
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COVID-19 Latest UpdatesFreight Market Update
January 20, 2023

Cargo Volumes Hit Record High at Port of Savannah, Important Change in CSX Free Time for CY Customers, Mexico Breaks Record for Exports and Production of Cargo Trucks.

Ocean  Secondhand containerships face acute pricing drops. Secondhand boxship prices are falling following a muted…
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